Powell Faces Challenges Amid Fed's Expected Rate Cut

According to BlockBeats, despite the anticipated Federal Reserve rate cut, the main concern is how Chairman Jerome Powell will communicate the outlook for further easing next month. As divisions grow among Fed policymakers between hawkish and dovish stances, Powell faces a challenging task at this week's central bank meeting. Wall Street expects a 'hawkish rate cut,' suggesting Powell may avoid signaling a January rate cut to appease hawkish members after joining the dovish camp this month. Analysts from Bank of America noted that Powell is dealing with one of the most divided committees in recent years source: https://www.binance.com/en/square/post/33422247106441?utm_source=BinanceNewsRSS